PEI provincial government expenditures were 58985 billion in

P.E.I. provincial government expenditures were $58.985 billion in 2009. A breakdown of that spending is given below:

Category                                                            Spending ($billions)

Health 22.0

Interest on Debt                                                          9.997

Social Services 7.504

Elementary & Secondary Schools 7.315

Colleges & Universities 3.390

All other departments 8.779

Use ratios to answer the following questions.

(a) How much of the budget is spent on interest on the debt (%)?

(b) How much of the budget is spent on education (%)?

(c)   How does spending on Colleges & Universities compare to spending on Elementary & Secondary Schools (ratio in lowest terms)?

(d) How does spending on Colleges & Universities compare to spending on Health (ratio in lowest terms)?

Solution

(a) Amount spend in interest on debt = 9.997 billions

Expressing it as a fraction or ratio of total expenditure = 9.997 / 58.985

Multiplying this with 100 will give the percentage contribution.

So, budget spend in interest of debt = (9.997 / 58.985) x 100 % = 16.95 %

(b) Amount spend in education = 7.315 + 3.390 = 10.705 billions

Similarly,

budget spend in education (%) = (10.705 / 58.985) x 100 % = 18.15%

(c) Amount spend for colleges & universities = 3.390 billions

Amount spend for elementary & secondary schools = 7.315 billions

So the required ratio = 3.390 : 7.315

= 3390 : 7315 (multiplying both by 1000)

=   678 : 1463 (dividing by all possible common factors, here 5)

(d) Similarly,

here the required ratio = 3.390 : 22.0

= 339 : 2200

P.E.I. provincial government expenditures were $58.985 billion in 2009. A breakdown of that spending is given below: Category Spending ($billions) Health 22.0 I

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